CHANDLER, AZ -- Isola USA reportedly is trying to restructure approximately $525 million in debt, according to Reuters reports.
The laminates firm is working with Evercore Partners, an investment bank, Reuters reports, citing people familiar with the matter. Isola will have to start paying down the debt next year, according to the report.
Reuters said neither Isola, Evercore nor the investment firms that own the majority of Isola, including TPG Capital and Oaktree Capital Group, are commenting on the matter.
Last week, Isola named Michael White its new chief revenue officer.